Synchronoss Technologies, Inc. (SNCR) Receives Consensus Rating of “Hold” from Brokerages
Synchronoss Technologies, Inc. (NASDAQ:SNCR) has earned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $13.50.
Several analysts have recently issued reports on SNCR shares. Zacks Investment Research cut shares of Synchronoss Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Raymond James Financial cut shares of Synchronoss Technologies from an “outperform” rating to an “underperform” rating and set a $18.00 target price on the stock. in a research report on Tuesday, September 19th. Deutsche Bank restated a “hold” rating and set a $10.00 target price (down from $18.00) on shares of Synchronoss Technologies in a research report on Wednesday, September 20th. Stifel Nicolaus restated a “hold” rating and set a $10.00 target price (down from $16.00) on shares of Synchronoss Technologies in a research report on Wednesday, September 20th. Finally, Citigroup upped their target price on shares of Synchronoss Technologies to $10.00 and gave the company a “hold” rating in a research report on Wednesday, September 20th.
Shares of Synchronoss Technologies (NASDAQ:SNCR) traded down $0.33 during midday trading on Thursday, hitting $9.35. 2,470,168 shares of the stock traded hands, compared to its average volume of 1,489,724. The stock has a market cap of $405.30, a PE ratio of 6.81 and a beta of 1.55. Synchronoss Technologies has a 52-week low of $8.48 and a 52-week high of $42.70.
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About Synchronoss Technologies
Synchronoss Technologies, Inc is a global software and services company, which provides technologies and services for the mobile transformation of business. The Company’s portfolio in the Consumer and Enterprise markets contains offerings, such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions.
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